• Source: Participation banking

Participation banking is a name given to Islamic banks mainly in Turkey, as well as in the broader MENA region. There are participation banks in Turkey, Pakistan, Bangladesh, Indonesia, Saudi Arabia, Malaysia, the UAE and other Gulf countries.




History


In 2000 participation banks reached only 2% of net assets, by 2010 this rate increased up to 4.3%. In the third quarter of 2013, the rate increased up to 6.1% with 90.7 billion TL in assets. Regarding the profit margins of the participation banks, Malaysia, Indonesia and Gulf countries have more than 50% of the market share, it is stated that Turkey has more potential in growth. Also, Turkey, Pakistan, Bangladesh, and Indonesia stand as the leading countries among the participation banks. Saudi Arabia, the UAE and Malaysia are the three largest participation banking markets, in terms of assets. Iran has 36% of the worldwide assets of the participation banks, Malaysia has 17%, Saudi Arabia has 14% and Turkey has 3.1% of the market share.
According to Ernst & Young, the assets of global participation banking reached US $930 billion in 2015, with growth rates declining across all regions compared to previous years.




List of participation banks


Ziraat Participation Bank
Vakıf Participation Bank
Turkey Finance Participation Bank
Albaraka Türk Participation Bank
Kuwait Turk Participation Bank




= Defunct

=
Asia Participation Bank (founded 1996, closed 2016)




References

Kata Kunci Pencarian:

• Sarawak
• Angola
• Participation banking
• Islamic banking and finance
• Bank
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• List of banks in Turkey
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• European banking union